Financial Performance - Revenue for the six months ended 30 September 2020 amounted to approximately HK$236.5 million, a decrease of 17.9% compared to approximately HK$288.3 million for the same period in 2019[10]. - Loss attributable to the owners of the Company for the six months ended 30 September 2020 was approximately HK$23.8 million, compared to a loss of approximately HK$25.0 million for the same period in 2019[10]. - Basic and diluted loss per share for the six months ended 30 September 2020 was approximately HK cent 0.45, slightly improved from approximately HK cent 0.48 for the same period in 2019[10]. - Total revenue for the Group was approximately HK$236.5 million, representing a decrease of approximately 18.0% from approximately HK$288.3 million in 2019, primarily due to a decrease in the number of projects undertaken[40]. - Gross profit for the Group increased to approximately HK$26.4 million, up 21.1% from approximately HK$21.8 million in 2019, with gross profit margin rising by 3.6 percentage points to 11.2%[41]. - The Group recorded a net loss of approximately HK$23.8 million for the Period, a decrease of 4.8% compared to a loss of approximately HK$25.0 million in 2019, mainly due to improved gross profit margin[45]. - The total comprehensive loss for the period was HK$23,352,000, which includes a loss of HK$23,837,000 and other comprehensive income of HK$485,000[160]. Revenue Breakdown - The Group's major sources of revenue included foundation works, construction waste handling services, technology services, money lending business, and investments in securities[10]. - Revenue from foundation works and ancillary services decreased by approximately HK$103.7 million or 52.6% to HK$93.6 million compared to HK$197.3 million for the corresponding period in 2019[15]. - Revenue from construction wastes handling services increased by approximately HK$47.2 million or 58.9% to HK$127.3 million compared to HK$80.1 million for the corresponding period in 2019[15]. - Revenue from technology services segment amounted to approximately HK$13.9 million, an increase of approximately HK$5.8 million or 71.6% compared to HK$8.1 million in 2019[29]. - Revenue from the money lending business was approximately HK$2.9 million, slightly down from approximately HK$3.0 million in 2019, while gross profit was approximately HK$2.6 million compared to HK$2.7 million in 2019[29]. Expenses and Costs - Administrative and other operating expenses increased to approximately HK$49.0 million, up 9.4% from approximately HK$44.8 million in 2019, driven by a focus on data science and information technology opportunities[45]. - Finance costs decreased to approximately HK$4.1 million, a reduction of approximately 14.6% from approximately HK$4.8 million in 2019, attributed to lower interest on lease liabilities[45]. - Unallocated corporate expenses amounted to HK$44,847,000, impacting overall profitability[199]. Assets and Liabilities - Total assets as of September 30, 2020, were HK$594,444,000, down from HK$603,215,000 as of March 31, 2020[129]. - Current liabilities increased to HK$302,007,000 from HK$286,770,000, reflecting a rise of 5.4%[132]. - Total equity decreased to HK$289,674,000 from HK$301,143,000, a decline of 3.8%[129]. - Cash held with brokers and bank balances increased to HK$242,187,000 from HK$239,571,000, showing a slight increase of 0.7%[129]. - Contract assets rose to HK$121,906,000 from HK$104,429,000, marking an increase of 16.8%[129]. Business Operations - There was no material change in the Group's business nature and principal activities during the reporting period[10]. - The Group was awarded 1 new contract with a total contract value of approximately HK$103 million during the period[17]. - As of September 30, 2020, the Group had 10 projects in progress with a total contract value of approximately HK$817.9 million[20]. - The Group completed 1 project during the period with a total contract value of approximately HK$41.9 million[27]. Shareholder Information - The total number of shares capital as of the report date was 5,378,580,000[66]. - Mr. Xu Mingxin holds 3,904,925,001 shares, representing approximately 72.62% of the total issued share capital of the Company[71]. - The total number of issued shares of the Company as of September 30, 2020, was 5,377,080,000 shares[85]. - As of September 30, 2020, a total of 262,500,000 share options were vested, including 51,210,000 options exercised, leaving 147,420,000 exercisable options[94]. Corporate Governance - The Company has complied with the Corporate Governance Code, with a noted exception regarding the roles of Chairman and Chief Executive Officer being held by the same individual since 9 July 2018[1]. - The Audit Committee reviewed and approved the unaudited condensed consolidated financial information for the period, confirming compliance with applicable accounting standards and Listing Rules[118]. - The Company maintains sufficient public float as required under the Listing Rules as of the report date[113]. - The Company has made adequate disclosures in accordance with applicable legal requirements and accounting standards[120].
欧科云链(01499) - 2021 - 中期财报